Comments by "worn down" (@worndown8280) on "WORRIED Home Sellers In SHOCK Over Unsold Homes" video.

  1.  @Falconlibrary  indeed, but buyers can generally wait, sellers dont always have that option.
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  2. First man in the life boat may not have all his possession, but he has the most important one, himself.
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  3. The ones who bought at the peak are the ones who enabled all this.
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  4. I remember when appraisers went into the home and in the attic and in the basement or the sub floor. Now they mostly just drive buy and check comps. Its a scam.
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  5.  @Falconlibrary  yup I agree
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  6. 23% appreciation of an asset in 5 years is less than you would get if you put your money in a 4 week t bill and flipped it for the same 5 year period. Current home prices exist because people are stupid, ignorant or had free money to burn. The free money is gone, the ignorant can be taught. And there are only so many stupid that they alone cannot prop up any market. They just end up being bag holders.
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  7. Cheap money plus a momentary demand spike, the two largest generations in American history, the boomers and the millennials, being in the housing market at the same time, this was bound to happen. As the boomers start to exit in mass, about 30% of them already have, real estate prices will begin a very long decline. There is only 1 zoomer for every 2 boomers. There just wont be enough demand. Not at least until Gen Alpha hits the stage, but that is about 25 years from now. And we dont know the size of their cohort yet.
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  8. Well when their social security gets cut down a bit they will be forced to move in with their kids. If they had kids. The ones who dont are in trouble.
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  9.  @77jaycube69  ARMs and Flippers. Bank of America giving reverse ARM loans to illegals didnt help. After two to three years they just skipped back to Mexico with their buckets of cash they saved paying a 200 buck mortgage. My neighbors across the street from where I lived then did this in 2004. Hardest working people. Two brothers and a sister.
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  10.  Adventure West  Why refinance an asset that is worth only half of what you bought it for? For most people it made financial sense to just walk away from it, considering some people but zero down. And thats what many did. Adding to jay cube's snowball effect.
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